AT&T to start job cut targeting slowing business

January 29, 2019

AT&T said it would be slashing some jobs in declining areas of its business, while hiring more people in faster-growing segments.
The job cut will affect a “small” portion of the workforce and are consistent with staffing changes AT&T has done in the past, spokesman Jim Greer told Reuters by telephone. AT&T declined to specify how many positions would be cut.

AT&T is the second-largest U.S. wireless carrier by subscribers. Last year AT&T agreed to buy Time Warner for $85 billion. AT&T said in June that it plans to achieve annualized cost savings of $1.5 billion over three years.

Verizon, the main rival of AT&T, is also slashing jobs mainly targeting its entertainment and media business Oath.